Liberum Capital Reaffirms “Buy” Rating for Berkeley Resources Limited (BKY)
Berkeley Resources Limited (LON:BKY)‘s stock had its “buy” rating restated by equities research analysts at Liberum Capital in a report released on Tuesday. They currently have a GBX 60 ($0.78) target price on the stock. Liberum Capital’s price target would indicate a potential upside of 20.60% from the stock’s current price.
Other equities research analysts have also recently issued research reports about the stock. FinnCap restated a “buy” rating and issued a GBX 113 ($1.48) price target on shares of Berkeley Resources Limited in a research report on Wednesday, July 27th. Numis Securities Ltd restated a “buy” rating and issued a GBX 100 ($1.31) price target on shares of Berkeley Resources Limited in a research report on Friday, June 10th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of GBX 98.25 ($1.28).
Berkeley Resources Limited (LON:BKY) traded up 8.15% during midday trading on Tuesday, hitting GBX 49.75. 1,036,645 shares of the stock traded hands. The firm’s 50-day moving average is GBX 45.70 and its 200-day moving average is GBX 35.82. The company’s market cap is GBX 90.45 million. Berkeley Resources Limited has a 52-week low of GBX 19.50 and a 52-week high of GBX 52.60.
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Berkeley Resources Limited Company Profile
Berkeley Energy Limited, formerly Berkeley Resources Limited, is an energy company. The principal activity of the Company is mineral exploration. The Company operates in the segment of uranium exploration and development in Spain. It is focused on bringing its flagship Salamanca Project (Project), which is located in Western Spain into production.
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